Musical chairs The US regulatory landscape is shifting- and so is its leadership. Here's what's happening and how it might affect community banks. By Kathryn Jackson Fallon T he June 2017 Treasury Report on financial regulation had some welcome recommendations where community bankers are concerned, but leadership vacancies at various government agencies could slow the process for putting these reforms in place. Treasury's recommended reforms include regulatory changes such as simplified capital rules, more flexible commercial real estate guidance, streamlined call reports and a more reasonable examination approach. Exempting community banks from Basel III capital requirements and going back to a much simpler method of assessing their capital adequacy is on every community bank's wish list. The FDIC, the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board and the Federal Reserve community banker's seat are or might soon be without a guide to 48 ICBA IndependentBanker October 2017